<?php
use_helper('I18N');
$culture = $sf_user->getCulture();
?>

<?php
$page_title = "Agriculture";
include_component('component', 'breadcrumb', array("title" => $page_title, "links" => array("Home" => "/home", "Product" => "/product", $page_title => "")));
?>

<div class="content">

    <?php include_component('component', 'sidebar', array("module" => $sf_context->getModuleName(), "action" => $sf_context->getActionName())) ?>

	<div class="maincontent">
		<h5><?php echo __("Agriculture") ?></h5>
		<p><?php echo __("Agricultural futures are the oldest futures listed in the market. Over the years, agricultural futures have been one of the mainstream products in the international futures market. trading varieties. There are various types of products in agricultural futures, and agricultural futures have become the core of the related industrial chain in the world’s agricultural production, circulation and consumption.") ?></p>
		<p><?php echo __("VICFX provides popular agricultural futures contracts including corn, soybeans, wheat, cotton (No.2), Coffee C, sugar (No.11), cocoa, soybean oil and live cattle.") ?></p>
		<p><?php echo __("Factors affecting the price of agricultural products:") ?></p>
		<ul>
			<li>
                <b><?php echo __("Weather conditions") ?></b>
                <p><?php echo __("changes in weather conditions will directly affect the crop yields") ?></p>
            </li>
			<li>
                <b><?php echo __("Seasonal factors") ?></b>
                <p><?php echo __("Cyclical production of agricultural products affects the price of agricultural futures") ?></p>
            </li>
			<li>
                <b><?php echo __("Cost-benefit of the produce") ?></b>
                <p><?php echo __("Cost-benefit situation will affect the decisions of production scale for the upcoming year among the producers") ?></p>
            </li>
			<li>
                <b><?php echo __("Financial and monetary factors") ?></b>
                <p><?php echo __("Interest rates and exchange rate fluctuations often cause the fluctuations o n the quotes of commodity futures") ?></p>
            </li>
			<li>
                <b><?php echo __("Government policies including import and export tariffs") ?></b>
                <p><?php echo __("Government Incentives will stimulate production and thus driving down the prices, and vice versa") ?></p>
            </li>
		</ul>
		<img class="alignleft" src="/images/agricultural.jpg" alt="#"/>
		<h4><?php echo __("Wheat") ?></h4>
		<p><?php echo __("Wheat is adaptable, widely distributed, multi-purpose, and is one of the world's most important food crops. The total cultivating area, production and trade volume of wheat rank first in food crops, with more than one third of the world’s population are consuming wheat as the staple food. Canada, the United States of America and Australia are the world's major wheat producing countries. World trade volume of wheat exceeds the sum of all other grains. Over the past 10 years, global wheat consumption has grown steadily. Wheat futures was launched by Chicago Board of Trade (CBOT) in 1877, which marked the birth of the futures industry.") ?></p>
		<p><?php echo __("CBOT Wheat is the global industry standard and is the most liquid wheat futures contract in the world. Producers, processors, millers and exporters continue to look to CBOT Wheat for the liquidity that is critical for their risk management solution.") ?></p>
		<h4><?php echo __("Corn") ?></h4>
		<p><?php echo __("Corn is one of the crops yields the highest volume and is a most widely distributed food source. The total crop acreage of corn ranks number 3 in the word, followed wheat and rice. The main purpose of corn is as forage for livestock, as edible oil and ethanol refining. Corn is widely used in the manufacturing process of plastics, solvents and other industrial or household goods. The corn futures market is one of the world's major futures markets, with daily turnover in hundreds of millions. This not only helped to drive the prices changes of corn, but also contributed to stabilize the market. Many speculators in corn futures make profits in the price volatility of this market.") ?></p>
		<p><?php echo __("Corn is the most important food crop of USA, the corn futures market represented by Chicago Board of Trade (CBOT) is in-line effectively with the spot market of USA, the price of corn futures formed in CBOT becomes a benchmark of corn’s price in the world market. The corn market has considerable market size, and in high liquidity, with price discovery and risk transfer functions. Moreover, the experiences of design and modification of corn futures contracts and trading settlement rules of CBOT are now the common wealth of the world's futures markets, which are learned and used by many futures Exchange.") ?></p>
		<h4><?php echo __("Soybeans") ?></h4>
		<p><?php echo __("Soybeans are important grain and oil used agricultural products, and as one of the main raw materials worldwide. Besides using as forage for livestocks, refined edible oil, soybeans are also widely used in the process of manufacturing plastics, solvents, industrial and household goods. Over the years, soybeans have always been ranking first in the world over all kinds of oilseeds. Currently, USA is the world's largest soybean producing country. Soybeans are also one of the world's most active trading commodity items.") ?></p>
		<h4><?php echo __("Cotton") ?></h4>
		<p><?php echo __("Back in September 1870 the New York Cotton Exchange (NYCE) has launched the cotton futures. Cotton is known for its diverse usage, comfort and durability. Cotton has been widely used in weaving, clothing and household supplies raw materials due to its characteristics in intensity, color durability, washing durability and easiness in processing. China and USA are the biggest production countries of cotton. And, USA is the world's foremost exporter, and exercise much influence on the price of cotton.") ?></p>
		<p><?php echo __("The cotton market is highly globalized, with more than one-third of global cotton harvests shipped internationally every year. Cotton future is normally bought by textile mills for the purpose of hedging in order to avoid the risk of price volatility. The prices of cotton changes seasonally. The highest prices for cotton normally occur between March and July while the lowest prices typically occur between September and November.") ?></p>
		<h4><?php echo __("Coffee") ?></h4>
		<p><?php echo __("Coffee is a non-alcoholic beverages with a long history, major production countries include Brazil, Colombia and Africa. The major countries that import coffee are mainly in Europe and USA, accounting for about 60% of the total imports.") ?></p>
		<p><?php echo __("Factors that affect the price of coffee futures including climate, yield, crop diseases and inventories. Coffee futures have been one of the world's actively traded commodities.") ?></p>
		<p><?php echo __("The Coffee C contract is the world’s benchmark product for Arabica coffee, it comes form one of the 19 countries which produce coffee beans,The beans are stored in a licensed warehouse before shipping to ports in USA and Europe. The contract price varies based on the factors affected by physical delivery, ports and growths.") ?></p>
		<h4><?php echo __("Sugar") ?></h4>
		<p><?php echo __("The main sources for sugar production are sugar cane and sugar beet. The major commercial source are crystallized sugar cane and sugar beet , a natural sweetener. There are about 110 countries around the world are in the production of sugar. Most sugar produce are consumed in the original countries, only about 30% of the produce are for export. The largest sugar consumer includes India, the EU, Brazil, USA and China. Sugar consumption in developed countries is basically stable, the price changes will not significantly affect consumption, while sugar consumption in developing countries fluctuates with the income change. Climate, policies, production costs and product competitiveness are the main factors affecting the price of sugar.") ?></p>
		<p><?php echo __("The Sugar No. 11 contract is the world benchmark contract for raw sugar trading. The contract prices are based on the price of raw cane sugar, as well as taking reference on the free-on-board price of the receiver’s vessel from the country of origin.") ?></p>
		<h4><?php echo __("Cocoa") ?></h4>
		<p><?php echo __("Cocoa has been considered as beverage consumption for hundreds of years, its usage has not been identified until the Dutch manufacturer found that cocoa can be made into chocolate in 1821. The largest cocoa producing country is Cote d'Ivoire, followed by Brazil and Ghana. Cocoa’s major consumption countries are USA, Germany, Russia, Britain, France, Japan and China. Nearly 50 percent of global cocoa produced in West Africa along the Ivory Coast and Ghana.") ?></p>
		<p><?php echo __("The cocoa contract is the world benchmark for the global cocoa market. The contract prices take reference from the physical delivery price in Exchange. Cocoa will be shipped to 5 ports in USA from of Africa, Asia, Central and South America.") ?></p>
		<p><?php echo __("Weather changes and virus harm are the most direct natural factors affecting cocoa bean production. In addition, the district disputes and government chaos in the main producing countries in Africa persisting for years, which further increased the uncertainty and price volatility in cocoa production.") ?></p>
		<h4><?php echo __("Soybean Oil") ?></h4>
		<p><?php echo __("Soybean oil is a vegetable oil extracted from the seeds of soybeans.It has been widely used in food processing including edible oils. In addition, soybean oil after deep processing, is also broadly used in industry and medicine, and can be described as an important raw material. Soybean oil is in stable quality and easy to be stored and transported.") ?></p>
		<h4><?php echo __("Cattle") ?></h4>
		<p><?php echo __("The U.S. cattle and beef industry is a big and risky business. Various factors including weather conditions and disease will influence the supply and demand for livestocks. Live Cattle futures serve commodity producers and users seeking risk management and hedging tools, alongside funds and other traders looking to capitalize on the extraordinary opportunities these markets offer.") ?></p>
    </div>
</div>
